In one of his bestselling books, Good to Great, Jim Collins wrote, “Great vision without great people is irrelevant.” Irrespective of the nature of your business, you need human resources that can run it smoothly. Steve Wynn once said, “Human resource is not a thing we do; it is the thing that runs our business.” Today’s workplace environment is not what it used to be a decade ago. Things have changed and new challenges have emerged. In this article, we will look at five biggest challenges human resource department of a company faces today. 1. Hiring the Right People and Retaining Them Finding the right people and hiring them is probably the biggest challenge for human resource management professionals. Even if you have succeeded in hiring the best human resource, your job is not done because you will have to work hard to retain your best talent otherwise, they will switch jobs. Despite so many hiring channels, hiring the best candidate for the job who is the best fit for the organization is not easy. Providing them the environment, growth opportunities they are looking for is also important as most employees quit their jobs when they feel they are stagnant and not growing as a professional. 2. Maintaining Work-Life Balance With the emergence of Bring Your Own Device (BYOD) trend, an employee supposed to work round the clock. Gone are the days when employees do not work when they reach home. This disturbs the work life balance of employees and leads to work related stress and employee burnout. That is where task management programs such as TaskQue comes into play. It automates task management, optimize resource utilization and maximize productivity without overburdening your resources. As a result, you can do more in less time and spend some quality time with your friends and family. 3. Globalization Due to advancement in technology, our world has converted into a global village. The same holds true for your business. Now, you are not only competing with the local players but you also have to compete against the market leaders in global market. To stay competitive in today’s business world, businesses will have to lay off jobs to cut down costs. This not only directly affects employees but also overall society as a whole. This is where the role of Human resource department comes in. How effectively the human resource department manage this situation will determine the fate of the company. 4. Workforce Diversity With more and more millennials entering the workforce, the workplace landscape will go through a paradigm shift. Induction of more women in the workforce will also have the same effect. Each employee is different and human resource must treat him or her accordingly. Human resource department will have to ensure that they treat every employee equally without any discrimination and provide them a platform to display their skills. In addition, the reward and appraisal mechanism should be transparent so that the deserving employees get their due rewards. 5. Managing Change With rapidly changing business environment and many events are taking place both inside and outside the business, it is imperative that you must keep pace with it to stay competitive. That is where change management comes into the game. Human resource department will face backlash from employees if they try to implement changes forcefully but they can easily overcome this issue by developing a consensus and getting all the stakeholders involved. Getting approval from all the stakeholders is critical before implementing and changes as it saves you from the hassle of facing criticism later on. Conclusion Managing humans is probably not as easy as some of us might think. Each employee has a different approach, behavior and characteristics that separate him or her from the other. Whether it is globalization, work-life balance, change management or managing workforce diversity, human resource must handle them carefully. Overcoming aforementioned human resources challenges paves the way for efficient business operations and helps you to make your business profitable. If you are facing a unique human resource management challenge that is not mentioned on our list, feel free to share it with us in comments section below.
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April 2017
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